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Jamie Dimon is in DC right now lobbying the admin over this, but in all honestly, most companies built redundancy plans for this kind of a regulation years ago
by alephnerd 1y ago
Jamie Dimon is in DC right now lobbying the admin over this, but in all honestly, most companies built redundancy plans for this kind of a regulation years ago with GCCs in India along with the Canadian branches of American companies.
Reality is this rule only incentivizes offshoring (maybe India, maybe Canada, maybe LatAm, etc) instead of hiring domestically.
In trying to get a headline saying "we can hire 100% American" now companies are considering offshoring, which means 0 Americans are hired.
There are smart ways to crack down on H1B abuse, and the headline policy wasn't it.